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20121201
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Search Results 0 to 8 of about 9 (some duplicates have been removed)
, corruption scandals, and disastrous investments in the u.s. and brazil. it was hoping to benefit from lower production costs at the new steel plant near rio de janeiro. the costs to build the facility have spiraled out of control. billions of euros wasted. it is a similar picture in the u.s. where a costly steel plant is incurring heavy losses due to the steel downturn. investment decisions have weighed heavily with building costs rising to 12 billion euro. to make matters worse, they have been hit with huge funds in their real division. this has triggered a leadership crisis. the executive board has asked three top executives to leave. >> until now, there has been in management style where the old boys' network was more important than corporate success. to some extent, this led to ignoring irregularities rather than correcting them. >> despite the crisis, he is trying to reverse the fortunes. they plan to sell the troubled plants in the u.s. and reduce their presence in the risky steel sector. they are examining all options. >> for more rainiers on the reaction from traders, we have this r
inquiry to the deadly attack on the u.s. consulate in libya has found security was grossly inadequate. >> the attack in september killed the u.s. ambassador and three other americans. the report has blamed systemic failures and leadership deficiencies at the state department. the secretary of state says she will adopt all of the recommendations. >> the inquiry also found that americans had no warning of the attack and little knowledge of the threat posed by local militia. >> funerals will be held today for six victims of the newtown school massacre, including the school principal. >> the incident has once again put the spotlight on gun control in america and the country's powerful gun lobby. the national rifle association has spoken out for the first time since the massacre. >> americans exercising their right to bear arms in the state of virginia, part of their constitutional guarantee to self-defense, but the deaths in connecticut have revived the debate about what kinds of weapons are needed for self- defense. many now want washington to come up with stricter laws about public acce
. that is the same as the vatican. >> only a handful of countries voted against the move, including the u.s. and israel. both threaten to sanction palestinian request. israel today announced the construction of 3000 more settler homes in response. >> many hope it will be for step toward independence and true statehood. >> life remains the same in the palestinian territories, but many say the united nations vote has given them a new outlook. >> it is a beautiful feeling. there's hope that our children will grow up in an independent nation with its own voice, and that is a feeling that is hard to describe it. >> the decision came after a powerful appeal by the palestinian authority president in new york. >> the general assembly is called upon today to issue a birth certificate of the reality of the state of palestine. >> 138 generally assembly -- general assembly members voted in favor of upgrading palestine to the status of nonmember observers say. israel opposed the status change, saying the resolution will not help further the peace process. >> the truth is nothing will change if they cont
from statements by the head of nato and the u.s. secretary of state that nato could intervene in syria if damascus begins using chemical weapons. >> germany's 16 state premiers have agreed to pursue a ban against the right wing radical npd party. >> and the prohibition would have to be upheld by germany's constitutional court. angela merkel government has so far been skeptical of the measure, saying that if it fails as a similar move did in 2003, i too will only encourage the far right. merkel says she will announce her position early next year. the european central bank has presented its economic outlook for 2013, and it was not exactly filled with seasonal cheer. >> the bank has cut its growth forecast for the eurozone. it has also decided not to change the base interest rate, at least for now. >> it will remain as a historic way of -- historical low of 0.75%, although a cut may still be in store for next year. >> all eyes were on mario draghi as he entered the press conference room, but the ecb president managed a smile before delivering another gloomy projection for the eurozone. t
losses were concealed to avoid a government bailout. the complaints were filed with u.s. regulators, including the securities and exchange commission. >> the three alleged deutsche bank miss valuable to $12 billion in losses during the years 2007 through 2009 at the height of the global financial crisis. deutsche bank says the accusations are wholly unfounded. work has started on a major natural gas pipeline that critics say will deepen europe's dependence on russian gas. president putin was on hand as they began digging for the south stream pipeline. >> to augment supplies already flowing into germany. europe already receives 40% of its natural gas from russia. german investment and technology will be playing a key role in the project. >> it is a victory for russian president vladimir putin. they looked on as the first segments were welded together in western siberia. it is three weeks since bulgaria gave the go-ahead for the project. the last transit country to do so. >> this project has the political support of all partner countries. all have signed the contracts and taken their
Search Results 0 to 8 of about 9 (some duplicates have been removed)